智通财经APP获悉，招商证券发布研报称，据文化和旅游部数据中心测算，2025年端午假期期间，全国 国内出游1.19亿人次/+5.7%；国内出游总花费427.30亿元/+5.9%。出入境旅游日均196.9万人次，同比 +2.7%。综合来今年端午假期旅游收入表现平稳，出行人次保持中个位数增长趋势，人均消费能力整体 保持稳定，受降雨等极端天气因素影响，旅游人次&人员流动量等数据略低于预期，大盘旅游出行需求 表现相对平淡，建议后续关注暑期休闲旅游需求释放推动行业景气度上行。 招商证券主要观点如下： 整体情况：旅游收入稳健增长，出行需求表现平淡 经文化和旅游部数据中心测算，2025年端午节假期期间，全国国内出游1.19亿人次/+5.7%；国内出游总 花费427.30亿元/+5.9%。出入境旅游日均196.9万人次，同比+2.7%(官方预期215万/+12.2%，表现弱于预 期)。综合来看，今年端午假期旅游收入表现平稳，出行人次保持中个位数增长趋势，人均消费能力整 体保持稳定，受降雨等极端天气因素影响，旅游人次&人员流动量等数据略低于预期。 细分板块中，或受制于运力修复放缓，整体出境需求表现今年以来首次弱于大盘，低线城市 ...

6月5日，招商证券在深圳发布"益招向善•致远前行"公益金融品牌，并挂牌成立行业首家ESG公益金 融实验室。该公司此前创新推出业内首只基金投顾公益组合，将50%以上投顾费长期、持续投入公 益事业。 数据显示，"益招向善"系列目前已推出助学、养老两大主题公益组合，累计签约规模突破8亿元，覆盖近千位 投资者。招商证券副总裁兼董事会秘书刘杰表示，公司将持续践行"服务国家科技自立自强、助力社会财富保 值增值"的使命，通过公益金融创新与ESG理念融合，探索财富向上向善新路径，为推动共同富裕和高质量发 展贡献金融力量。 首创基金投顾公益组合 2024年9月，招商证券推出"益招向善•致远前行"公益系列金融服务，建立集合化与定制化两大服务模式，打造 货币类和债券类两大产品组合线，持续推出助学、养老等多元化的公益主题组合。 在上述助学、养老主题下，每个主题分别有一只货币+组合和一只债基组合。四只组合均为R2等级。其中有三 只申购起点为1000元，一只申购起点为10000元，适合风险偏好不高的广大普通投资者参与。 投顾费率方面，四只产品中有三只为0.1%/年，一只为0.2%/年。由于相关基金投顾公益组合将把50%以上投 顾费长期、 ...

Group 1 - The first fund advisory public welfare portfolio in the brokerage industry has been launched in Shenzhen, with the first donation completed for elderly care public welfare [1][2] - The "Yizhao Xiangshan" series of fund advisory public welfare portfolios has signed contracts exceeding 800 million yuan since its launch in September 2023, covering nearly a thousand investors [2][3] - The company aims to integrate public welfare financial innovation with ESG concepts to contribute to common prosperity and high-quality development [2][3] Group 2 - The company has established a dual-channel promotion and full transparency service system through its app and offline network, allowing investors to track donation flows and project progress in real-time [2] - The company encourages voluntary donations from investment returns to expand the public welfare funding pool and establish a long-term service mechanism [2][3] - Other financial institutions have previously allocated a portion of management fees from public funds and asset management products to public welfare initiatives [4]

招商证券总裁人选终落定。近日，招商证券发布公告称，聘任朱江涛为公司总裁。至此，曾任招商银行 副行长的朱江涛正式"接棒"此前退休的原总裁吴宗敏。值得注意的是，近半个月，招商证券还新增聘任 两位副总裁。有业内人士表示，具有银行从业背景的新总裁到任，对招商证券而言是积极信号，对其后 续发展及业绩表现也有望产生提振作用，新总裁可能也会更加注重公司的合规管理。 王治鉴则自2021年5月起任招商证券总裁助理，2025年2月起任公司首席投资官，2021年5月—12月任招 商致远资本投资有限公司副董事长，2021年12月—2022年1月任公司投资银行委员会副主任委员等。 有望推动合规管理水平提升 6月3日，招商证券发布公告表示，董事会提名委员会预审通过关于聘任朱江涛为公司总裁的议案，任期 自董事会审议通过之日起，至第八届董事会届满之日止。回顾此前，原总裁吴 宗敏在5月6日到龄退休，换句话说，时隔仅1个月，新总裁即正式"接棒"。 公开简历显示，朱江涛有着多年的银行从业背景，且风险管理相关经验丰富。具体来看，朱江涛在2023 年8月—2025年5月任招商银行执行董事，2021年9月—2025年5月任招商银行副行长，2020年7月 ...

致：香港交易及結算所有限公司 公司名稱: 招商證券股份有限公司（「本公司」） 呈交日期: 2025年6月5日 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年5月31日 狀態: 新提交 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | A | | 於香港聯交所上市 (註1) | | 否 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 600999 | 說明 | | 於上海證券交易所 （「上交所」）上市之A股 | | | | | | | | 法定/註冊股份數目 | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 7,422,005,272 | RMB | | 1 RMB | | 7,422,005,272 | | 增加 / 減少 (-) | | | 0 | | | RMB | | 0 | | 本月底結存 | | | 7,422,005,272 | RMB | | 1 RMB | | 7,422,005,27 ...

Group 1 - The report indicates that the profit growth rate of industrial enterprises in April 2025 was 1.4%, an increase of 0.6 percentage points from March 2025, while the revenue growth rate was 3.2% [1][2] - The upstream mining industry continues to be the largest drag on overall industrial profits, with most sectors experiencing negative profit growth, except for non-ferrous metal mining [2] - The midstream equipment manufacturing sector showed significant profit growth, driven by policies and export demand, while the midstream raw material manufacturing sector saw a notable decline in profit growth [2] Group 2 - The report suggests that the A-share market is likely to experience a period of volatility in June, with a preference for large-cap and quality stocks due to stable economic fundamentals and regulatory environments [7][39] - The recommended sectors for investment include automotive, non-ferrous metals, defense, retail, beauty care, and chemical pharmaceuticals, focusing on traditional capacity elimination and the rise of new consumption [8] - The report highlights that the new floating management fee funds introduced in 2025 are designed to align management fees with performance, encouraging long-term investment and enhancing investor experience [23][25]

Group 1 - The top three positions in the brokerage social media index (SMI) for April 2025 are held by China Merchants Securities, East Money, and CITIC Securities, with Guotou Securities entering the top four due to balanced performance across Douyin, video accounts, and public accounts [1] - The most liked content on Douyin is closely related to popular companies, sectors, and current events, with the top post from Datong Securities receiving 29,000 likes for detailing 50 stocks favored by retail investors [1] - Other notable posts include a comprehensive analysis of the "human-shaped robot" sector by Caijing She, which garnered 25,000 likes, and content related to tariffs from Pacific Securities and Guoyuan Securities, which also attracted significant user attention [1] Group 2 - The high-engagement content on video accounts primarily focuses on brand promotion and investment education, with East Money sharing insights from Dalio on tariff events and Guotou Securities outlining strategies to stabilize the A-share market [2] - Red Tower Securities and Huatai Securities are addressing emerging technology sectors, discussing topics like the "space economy" and GLP-1 drug innovations, catering to user interest in high-growth areas [2] - The public account articles are centered around market hot topics such as tariffs and the "stabilization fund," reflecting current market sentiments [2]

Group 1 - The company announced the addition of Huatai Securities Co., Ltd. as a liquidity service provider for specific funds to enhance market liquidity and stable operation [1] - The funds affected include the Hong Kong High Dividend ETF (code: 159302) and the Hong Kong Innovative Drug ETF (code: 159567), effective from June 5, 2025 [1] - The company also announced the addition of China Merchants Securities Co., Ltd. as a liquidity service provider for multiple funds, including the Hong Kong Consumption ETF (code: 159735) and the Cash Flow ETF (code: 159225), effective from June 5, 2025 [1]

Group 1 - The company is convening its 2024 Annual General Meeting (AGM) on June 26, 2025, at 10:00 AM in Shenzhen, Guangdong Province [2][10] - The AGM will utilize a combination of on-site and online voting methods, with online voting available through the Shanghai Stock Exchange's system [3][8] - Shareholders must register to attend the meeting, with specific registration methods outlined for domestic and foreign shareholders [10][14] Group 2 - The meeting will review various proposals, including special resolutions and those requiring separate voting for minority investors [6][7] - Certain related shareholders are required to abstain from voting on specific proposals due to conflicts of interest [7] - The company will provide reminders and assistance for small investors to ensure their participation in the voting process [8]

Core Viewpoint - The securities industry is undergoing a transformation from "scale expansion" to "quality improvement," leading to frequent changes in senior management positions across various brokerages [1][2]. Group 1: Management Changes - In 2023, several brokerages have experienced significant changes in their executive teams, including the appointment of new presidents and general managers [2]. - Notably, on June 3, 2023, China Merchants Securities announced the appointment of Zhu Jiangtao as president, following other recent changes in its executive lineup [2]. - At least five brokerages have seen executives retire due to age, including CITIC Securities, China Merchants Securities, and others [2]. Group 2: Talent Strategy - The high-quality development of the securities industry is closely linked to talent strategy, with a trend of hiring executives with diverse backgrounds from banks and insurance companies [1][3]. - New executives typically possess extensive experience in the securities industry and often have prior roles in other financial institutions, enhancing the brokerages' capabilities [2][3]. - The introduction of cross-industry executives is expected to improve business collaboration, innovation, and resource integration within brokerages [3]. Group 3: Market Recruitment - Market-based recruitment has become a significant method for selecting new executives, allowing brokerages to attract high-quality talent and optimize governance structures [4][5]. - For instance, Chengtong Securities publicly announced the recruitment of a general manager and deputy general manager, emphasizing the need for experienced candidates [4]. - This trend of market recruitment is seen as a way to break traditional internal selection limitations and bring in fresh perspectives and innovative thinking [5].